Apple Inc. (AAPL) Position Maintained by Adams Diversified Equity Fund Inc.
Adams Diversified Equity Fund Inc. maintained its stake in Apple Inc. (NASDAQ:AAPL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 480,500 shares of the iPhone maker’s stock at the close of the second quarter. Apple makes up approximately 3.9% of Adams Diversified Equity Fund Inc.’s holdings, making the stock its biggest holding. Adams Diversified Equity Fund Inc.’s holdings in Apple were worth $69,202,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of AAPL. Hefty Wealth Partners raised its holdings in shares of Apple by 27.6% in the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after buying an additional 174 shares in the last quarter. American Beacon Advisors Inc. acquired a new position in shares of Apple in the 1st quarter worth approximately $117,000. State of Alaska Department of Revenue acquired a new position in shares of Apple in the 2nd quarter worth approximately $149,000. Portfolio Solutions LLC acquired a new position in shares of Apple in the 1st quarter worth approximately $169,000. Finally, D. Scott Neal Inc. raised its holdings in shares of Apple by 19.8% in the 2nd quarter. D. Scott Neal Inc. now owns 1,212 shares of the iPhone maker’s stock worth $175,000 after buying an additional 200 shares in the last quarter. 60.35% of the stock is owned by institutional investors and hedge funds.
In other news, insider Johny Srouji sold 5,892 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $161.00, for a total transaction of $948,612.00. Following the completion of the transaction, the insider now directly owns 70,358 shares of the company’s stock, valued at $11,327,638. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP D Bruce Sewell sold 31,625 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $158.13, for a total transaction of $5,000,861.25. Following the transaction, the senior vice president now directly owns 112,430 shares of the company’s stock, valued at $17,778,555.90. The disclosure for this sale can be found here. Insiders have sold 432,930 shares of company stock valued at $69,008,577 over the last three months. 0.08% of the stock is owned by corporate insiders.
Shares of Apple Inc. (NASDAQ:AAPL) traded down 0.98% during midday trading on Friday, hitting $151.89. 46,645,443 shares of the stock traded hands. The company’s 50-day moving average is $159.51 and its 200 day moving average is $149.86. The firm has a market capitalization of $784.55 billion, a PE ratio of 17.24 and a beta of 1.27. Apple Inc. has a 52 week low of $104.08 and a 52 week high of $164.94. Apple also was the recipient of some unusual options trading activity on Wednesday. Stock traders acquired 174,155 put options on the stock. This is an increase of 102% compared to the typical volume of 86,200 put options.
Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The firm had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. During the same period in the previous year, the company earned $1.42 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts anticipate that Apple Inc. will post $9.01 earnings per share for the current year.
A number of equities analysts have recently issued reports on AAPL shares. Oppenheimer Holdings, Inc. reissued a “” rating on shares of Apple in a report on Thursday, August 10th. Robert W. Baird reaffirmed a “buy” rating and set a $160.00 price target on shares of Apple in a report on Friday, June 2nd. ValuEngine raised Apple from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Guggenheim reaffirmed a “buy” rating and set a $180.00 price target on shares of Apple in a report on Thursday, June 1st. Finally, Longbow Research reaffirmed a “buy” rating on shares of Apple in a report on Thursday, June 1st. Ten analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $188.37.
TRADEMARK VIOLATION WARNING: This article was originally published by Daily Political and is the property of of Daily Political. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://www.dailypolitical.com/2017/09/23/apple-inc-aapl-position-maintained-by-adams-diversified-equity-fund-inc.html.
Apple Company Profile
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
Receive News & Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related companies with MarketBeat.com's FREE daily email newsletter.